Terrified Trump Flees Tariffs War After CEOs’ ‘Empty Shelves’ Warning
www.thedailybeast.com
The president sounded much more conciliatory after he was told about the chaos his plans could bring.

Summary

Trump had to reverse his aggressive tariff rhetoric after CEOs from Walmart, Target, and Home Depot warned of empty shelves and higher prices due to supply chain disruptions.

Investors reacted negatively to his threats against Fed Chair Jerome Powell, prompting a market sell-off.

Trump backtracked, expressing optimism on a China trade deal and now denying plans to fire Powell.

Global markets remain volatile, and the IMF cited Trump’s trade war as a “major negative shock” to global growth.

  • JuxtaposedJaguar@lemmy.ml
    7·
    12 hours ago

    The reverse is also true: Trump/MAGAs took credit for the stock market gains when Trump was first elected, but then blamed Biden for the stock market crash after Trump took office.

    Basically MAGAs said that Biden ruined the economy but no one realized until after Trump started running the country. Schrödinger’s Recession, I guess.